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Dear Valued Partners and Customers:
We are pleased to share that Sharp Corporation and NEC Display Solutions (NDS), a subsidiary of NEC Corporation, have announced a joint venture for the B2B display business. The venture is expected to be completed on July 1, 2020, as the companies obtain regulatory approval.
This relationship represents our deep and ongoing commitment to the B2B display business. Sharp and NDS are two market-leading brands in the production and development of visual solutions, and the Sharp-NEC joint venture will result in a wide range of synergies that we can pass on to you.
Additionally, this venture will add scale and efficiency for our combined product lines across the world, allow us to more competitively pursue emerging categories within the marketplace and combine the immense knowledge, skills and capabilities of both organizations.
Between now and when the joint venture is finalized, Sharp will continue to operate as it does now and will continue with business as usual within the current market climate. After completion, we will start to look at ways in which we can all benefit from the joint venture between our two companies.
This is an exciting new chapter for our company. Sharp and NEC have mutual admiration and respect for one another along with a deep ethos in quality and innovation. I look forward to sharing our synergetic plans as we move further down this exciting road.
President and CEO
Sharp Imaging and Information Company of America.